Cut to the chase at least for the early part of this week. Don't listen to CNBC. Watch AP news. Watch for a confirmation from the IMF for aid for Italy. At this minute, the Board of Governors in Rome are unware of any pending action from the IMF.
Second is to watch the EURO against a basket of currencies. That is easy.
Third is to watch hedge funds, including the large bank hedge funds. Use an extended order book or watch Nasdaq.com. Look for buys or sells over 10,000 shares. Non bank hedge funds trade in available inventory to avoid sculpting from large banks. Their buys or sells are in odd numbers. Example: 12,100 shares. Banks also have hedge funds but they buy in round numbers. Hedge funds is one reason for the recent drop in the markets.
Stuff may change. I will try to update. The game may change.